Bharat Book Bureau Provides the Trending Market Research Report on“Global Technical Textiles Market By Material (Natural Fiber, Synthetic Polymers/Fibers, Mineral Fiber, Regenerated Fiber, Others), By Natural Fiber (Cotton, Wool, Others), By Synthetic Polymers (Polyether Sulfone, Polyamide, Polyacrylonitrile, Polypropylene, Others), By Mineral Fiber (Asbetos, Glass Fiber, Ceramic Fiber), By Regenerated Fiber (Rayon v/s Acetate), By Technology (Woven, Knitted, Non-Woven, Others), By Application (Mobiltech, Sportech, Buildtech, Hometech, Clothtech, Meditech, Agrotech, Protech, Others), and By Region, Competition Forecast and Opportunities, 2027”under Chemical & Material Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
Executive Summary
The Global Technical Textiles Market is anticipated to witness significant CAGR in the forecast period, 2023-2027. The advantages offered by technical textiles, such as cost-effectiveness, lightweight, hygiene and safety, durability, strength, user-friendliness, and logistical convenience, and the rise in awareness and applications of technical textiles are the primary factors driving the demand for the global technical textiles market. Also, the extensive ongoing research and development activities and the integration of novel technologies are expected to create numerous growth opportunities for the
Market Players in the forecast period.
Supportive Government Policies Favors the Market Growth
The textile industry faces major challenges in growing in different countries, such as technical standard requirements, conformity assessment procedures, and tariff barriers. Several government bodies are working to boost the local textile industry through free trade agreements. Europe is the second largest exporter of garment and footwear products in Vietnam. The European Union in 2019 signed a free trade deal with Vietnam to cut 99% of the tariffs on almost all goods. Moreover, the Indian government is supporting technical textiles market by boosting domestic production in the form of policies and regulations. For example, the National Technical Textile Mission, which was started for a period of 4 years (2020-21 to 2023-24), was approved with an outlay of USD 182 million for developing usage of technical textiles in various flagship missions, programs of the country including strategic sectors. Favorable government policies across the globe are expected to accelerate the global technical textiles market growth over the next five years.
Growing Applications of Geotextiles Fuels the Market Demand
The improvement in the economic conditions of several developing countries around the globe gives the leading authorities the power to invest in infrastructure development in their country. Geotextiles are used for separating subgrades and rock and granular materials and for road surface reinforcement and substructure. Geotextiles are used to provide earthquake resistance and in underground drainage. Geotextiles on coasts are used as a filter to control the corrosion of wall and floor structures. It is also used to separate material in the foundation of coastal soils and breakwaters. Geotextiles are also used in dam construction for waterproofing and preventing the water from settling into the dam body. They can act as a substitute for sand materials and showcase the same efficiency and function as sand filters. The other applications of geotextiles are in the liquid and gas collection system, sewage ponds and chemicals, lining and insulation of tunnels, and the construction of agricultural water storage pools and an artificial lake. Massive applications of geotextiles are expected to propel the global technical textiles market over the forecast period.
Market Segmentation
The global technical textiles market is segmented into material, technology, application, regional distribution, and
Competitive Landscape. Based on material, the global technical textiles market is divided into natural fiber, synthetic polymers/fibers, mineral fiber, regenerated fiber, and others. Natural fiber is further fragmented into cotton, wool, others and synthetic polymers are divided into polyether sulfone, polyamide, polyacrylonitrile, polypropylene, others. Similarly, mineral fiber is divided into asbetos, glass fiber, ceramic fiber and regenerated fiber into rayon v/s acetate. Based on technology, the global technical textiles market is divided into woven, knitted, non-woven, and others. Based on application, the global technical textiles market is divided into mobiltech, sportech, buildtech, hometech, clothtech, meditech, agrotech, protech, others. To analyze the market based on the region, the global technical textiles market is studied in regions namely North America, Europe, Asia-pacific, South America, Middle East and Africa. In terms of country, United States is expected to hold substantial market share as it witnesses wide applications in various end-user industries.
Market Players
Asahi Kasei Corporation, Kimberly Clarke Corporation, Berry Global Group, DuPont de Nemours, Inc., Mitsui Chemicals, Inc., Freudenberg Group, Toray Industries, Inc., Huntsman Corporation, SRF Limited, Toyobo Co, Milliken & Company, Koninklijke Ten Cate B.V., Reliance Industries Limited, International Textile Group, Duvaltex (US), Inc., are the key
Market Players operating in the global technical textiles market.
Report Scope:
In this report, global technical textiles market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Technical Textiles Market, By Material:
oNatural Fiber
Cotton§
Wool§
Others§
oSynthetic Polymers/Fibers
Polyether Sulfone§
Polyamide§
Polyacrylonitrile§
Polypropylene§
Others§
oMineral Fiber
Asbetos§
Glass Fiber§
Ceramic Fiber§
oRegenerated Fiber
Rayon§
Acetate§
oOthers
•Technical Textiles Market, By Technology:
oWoven
oKnitted
oNon-Woven
oOthers
•Technical Textiles Market, By Application:
oMobiltech
oSportech
oBuildtech
oHometech
oClothtech
oMeditech
oAgrotech
oProtech
oOthers
•Technical Textiles Market, By Region:
oNorth America
United States§
Mexico§
Canada§
oEurope
France§
United Kingdom§
Italy§
Germany§
Spain§
oAsia-Pacific
China§
India§
Japan§
South Korea§
Australia§
oSouth America
Brazil§
Argentina§
Colombia§
oMiddle East & Africa
South Africa§
UAE§
Saudi Arabia§
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global technical textiles market.
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